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Distributions of income from Nuveen's taxable closed-end funds are generally subject to Federal income taxes. In addition, distributions for certain funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REIT securities held by each fund. Funds that may be affected by such re-characterization are noted on our web site at
http://www.nuveen.com/corporate/taxinfo/Default.aspx.

Each of these 18 funds has adopted a managed distribution program. The goal of a fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, regular distributions throughout the year will likely include a portion of expected long-term gains (both realized and unrealized), along with net investment income and/or a return of capital. Important points to understand about Nuveen fund managed distributions are:

Each Nuveen fund seeks to establish a relatively stable distribution rate that roughly corresponds to the projected total return from its investment strategy over an extended period of time. However, you should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.

Actual returns will differ from projected long-term returns (and therefore a fund’s distribution rate), at least over shorter time periods. Over a specific timeframe, the difference between actual returns and total distributions will be reflected in an increasing (returns exceed distributions) or a decreasing (distributions exceed returns) fund net asset value.

Each quarter’s distributions are expected to be paid from some or all of the following sources:

A non-taxable distribution is a payment of a portion of the fund’s capital. When fund returns exceed distributions, it may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund’s total return exceeds distributions.

Because distribution source estimates are updated quarterly based on a fund’s performance and forecast for its current fiscal year (which is the calendar year for all the funds listed below), these estimates may differ from both the tax information reported to you in your fund’s 1099 statement, as well as the ultimate economic sources of distributions over the life of your investment.

Information regarding each fund’s distributions and total return performance over various time periods will be sent to shareholders with their distributions, and posted on
www.nuveen.com/cef.

Additionally, estimates of the tax characteristics of each fund’s distribution sources reflecting year-to-date cumulative experience will also be mailed to shareholders and shown on
www.nuveen.com/cef. These estimates are for informational purposes only. The estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each fund’s investment experience during the remainder of its fiscal year. The final determination of the source and tax characteristics of all distributions will be made in early 2010 and reported to shareholders on Form 1099-DIV at that time.

The following dates apply to today’s distribution declarations:

Record Date

September 15, 2011

Ex-Dividend Date

September 13, 2011

Payable Date

October 3, 2011

Reinvest Date

October 3, 2011

Quarterly Taxable

Distribution Per Share

Change From

Amount

Previous Quarter

Global Equity

JGV

Global Value Opportunities Fund

.3450

-

Equity

JTA

Tax-Advantaged Total Return Strategy Fund

.2200

(.0100)

JTD

Tax-Advantaged Dividend Growth Fund

.2600

-

JCE

Core Equity Alpha Fund

.2700

-

QQQX

NASDAQ Premium Income & Growth

.3020

(.0140)

Real Estate

JRS

Real Estate Income Fund

.2300

-

Equity Option

JPZ

Equity Premium Income Fund

.2850

(.0180)

JSN

Equity Premium Opportunity Fund

.2950

(.0200)

JLA

Equity Premium Advantage Fund

.2990

(.0180)

JPG

Equity Premium and Growth Fund

.2800

-

DPD

Dow 30SM Premium & Dividend Income Fund Inc.,

.2800

(.0290)

DPO

Dow 30SM Enhanced Premium and Income Fund Inc.

.2300

(.0250)

Balanced

JDD

Diversified Dividend and Income Fund

.2500

-

Multi-Strategy

JPC

Multi-Strategy Income and Growth Fund

.1900

-

JQC

Multi-Strategy Income and Growth Fund 2

.2000

-

Global Debt

JGG

Global Government Enhanced Income Fund

.3100

(.0200)

JGT

Multi-Currency Short-Term Govt Income Fund

.3300

-

GCF

Global Income and Currency

.2250

-

* This represents a managed distribution amount. A description of each fund’s managed distribution program appears in the text preceding the table.